What is the cost of living in Fair Lakes, VA?
According to the most recent data on the cost of living, Fair Lakes has an overall cost of living index of 154, which is 1.5x higher than the national index of 100.
Compared to Virginia, Fair Lakes has a cost of living index that's 1.4x higher than Virginia's index of 112.
The standard of living in Fair Lakes ranks as #150 most affordable out of the 188 places we measured in Virginia. By definition, that implies Fair Lakes ranks as the #38 most expensive place in the Old Dominion.
For more reading on life in Fair Lakes, check out:
Fair Lakes Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Fair Lakes. Here is how it fares on each of the criteria:
The Services index in Fair Lakes is 103.
The Groceries index in Fair Lakes is 102.
The Health index in Fair Lakes is 267.
The Housing index in Fair Lakes is 104.
The Transportation index in Fair Lakes is 104.
The Utilities index in Fair Lakes is 104.
| Living Expense | Fair Lakes | Virginia | National Average |
|---|---|---|---|
| Overall | 154 | 112 | 100 |
| Services | 103 | 103 | 100 |
| Groceries | 102 | 104 | 100 |
| Health | 267 | 131 | 100 |
| Housing | 104 | 105 | 100 |
| Transportation | 104 | 105 | 100 |
| Utilities | 104 | 104 | 100 |
Fair Lakes Cost Of Living Compared To Virginia Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Virginia, check out:
Protect your home budget Compare home warranties in Fair Lakes Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Fair Lakes, VA Housing Cost Breakdown
Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Fair Lakes is $632,299.
The Median Rent in Fair Lakes is $2,419.
The Median Income in Fair Lakes is $127,332.
The Home Value To Income in Fair Lakes is 5.0x.
The Rent To Monthly Income in Fair Lakes is 0.23x.
| Statistic | Fair Lakes | Virginia | United States |
|---|---|---|---|
| Median Home Value | $632,299 | $412,467 | $332,700 |
| Median Rent | $2,419 | $1,579 | $1,413 |
| Median Income | $127,332 | $93,170 | $80,734 |
| Home Value To Income | 5.0x | 4.4x | 4.1x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.21x |
Fair Lakes, VA Costs By Category
Detailed Fair Lakes Services costs vs. Virginia
| Item | Fair Lakes | Virginia |
|---|---|---|
| Shampoo | $1.22 | $1.28 |
| Movie | $11.2 | $12.13 |
| Bowling | $19.22 | $18 |
| Haircut | $18.62 | $24.26 |
| Beauty Salon | $35.2 | $45.56 |
Detailed Fair Lakes Groceries costs vs. Virginia
| Item | Fair Lakes | Virginia |
|---|---|---|
| Ground Beef | $5.49 | $5.84 |
| Fried Chicken | $1.37 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $4.76 | $4.93 |
| Pizza | $12.47 | $12.09 |
| Beer | $10.83 | $10.41 |
| Toothpaste | $3.73 | $3.7 |
Detailed Fair Lakes Health costs vs. Virginia
| Item | Fair Lakes | Virginia |
|---|---|---|
| Optometrist | $109.25 | $125.68 |
| Doctor | $94.1 | $135.78 |
| Dentist | $109.57 | $113.29 |
Detailed Fair Lakes Transportation costs vs. Virginia
| Item | Fair Lakes | Virginia |
|---|---|---|
| Gasoline | $3.29 | $3.46 |
| Tire Balancing | $62.25 | $59.92 |
Detailed Fair Lakes Utilities costs vs. Virginia
| Item | Fair Lakes | Virginia |
|---|---|---|
| All Electricity | $248.7 | $193.99 |
| Phone | $185.37 | $192.25 |
Fair Lakes SnackAbility
Cost Of Living In Cities Around Fair Lakes
The cost of living varies in the cities and towns around Fair Lakes. Here's a quick look at the cost of living in the most populous nearby places:
Centreville, VA has a cost of living index of 142, 0.9x Fair Lakes.
Bethesda, MD has a cost of living index of 204, 1.3x Fair Lakes.
Oakton, VA has a cost of living index of 162, 1.1x Fair Lakes.
| City | Population | Cost Of Living | Vs. Fair Lakes |
|---|---|---|---|
| Centreville, VA | 71,706 | 142 | 0.9x |
| Bethesda, MD | 69,397 | 204 | 1.3x |
| Oakton, VA | 36,528 | 162 | 1.1x |
| Fair Oaks, VA | 35,545 | 144 | 0.9x |
| Fairfax, VA | 25,026 | 158 | 1.0x |
| Chantilly, VA | 24,036 | 152 | 1.0x |
| North Potomac, MD | 23,922 | 176 | 1.1x |
| Franklin Farm, VA | 18,736 | 171 | 1.1x |
| Fairfax Station, VA | 12,566 | 173 | 1.1x |
| Travilah, MD | 11,721 | 225 | 1.5x |
